Poor Credit History Loans
Poor credit history loans are for people with poor credit history. Just because you have a poor credit
history doesn't necessarily mean you won't be able to get credit. Creditors usually set their own criteria and analyse credit in different ways,
so not all of them will calculate your credit in the same way. Some may only look at your recent payment history, others might ignore
defaults regardless of age or amount, some will even overlook mortgage arrears.
- We can help you get a loan, despite your poor credit history.
Every day we deal with UK homeowners and tenants with poor credit history. We accept online applications and pass your details onto specialist
brokers and lenders. As interest rates are low at the moment, many people are looking to
consolidate their debt, particularly people who have taken out credit cards at very low rates and now those incentive rates have increased to a
higher APR. A home equity loan is likely to be at a much lower rate than most standard rates on credit cards. You could obtain a loan to
purchase a new car, take the family on holiday, buy a new kitchen or bathroom or finally do the home improvements you've been waiting for.
Your poor credit history might not stop you obtaining a loan.
An important thing about applying for loans if you have poor credit is
that you tell the truth from the outset. Bear in mind that a poor credit loan lender can't just take your word about your credit history,
they will want to verify your credit history. By having an idea of your position from the beginning can make a massive difference to
obtaining a poor credit history loan fast, since any change in your circumstances could cause delays during the loans process.
Some of our loan lenders use credit scoring to help judge the risk they take on. Credit scores normally take into account not only
poor credit histories but also other variables such as income, age, time in job, etc. Your information is converted into a
mathematical sum indicating a risk level. These credit scoring methods can sometimes reject people with good credit history or poor
credit history depending on how they are set. In general this method might be more strict than credit searching because it is impersonal.
A credit search may show a default or CCJ (county court judgement) that has been registered, showing details such as amounts and
dates and whether they have been settled. It may also show up missed mortgage payments (mortgage arrears) as well as your previous mortgages history,
and also payments that have been missed on your current credit i.e. credit cards, catalogue payments etc. It will also show if you
are registered on the electoral role or not. A human being will then look at a credit search and analyse the data for you. They will then
try to place you with a loan that suits your credit history.
We are very aware that people have problems but we do deal with homeowners and tenants with poor credit histories every day. Whether
your case is passed through a credit score or a credit search, the companies we use will endeavour to find a loan that best suits your circumstances. Enquire online
in seconds using the poor credit history loans enquiry form on the right hand side.
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